KPMG International announced annual combined revenues of $23.03 billion for the fiscal year ended Sept. 30, 2012, a 4.4 percent increase in local currency terms over the previous year, and a 1.4 percent increase in U.S. dollar terms.

Though KPMG reported increased revenue across all functions, its growth rate was slower than in 2011. (See "KPMG Posts Strong Increase in Global Revenue.")

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